₦airaland Forum

Thank God. The rate which my mum uses this services is too much.

.I go dey pay 9,000 every now and again

Great call

Zivlight247:
Today I had to pay 5000 naira just to pay off debt, I know there are people who will pay more

Yes, but the interest is just too much. Very satanic interest.

FineUsername:
They're helping you guys and you guys are fuming?



Kai!

Will you keep quiet

inoki247:
Nigerians love slave trade....



That interest doz Service providers are charging are just too much.


25 percent on little money is just too much ...

Are you aware that the CBN monetary interest rate is 26.05?

Many will b force to pay all outstandings. Am shock to see pple owning up to 10k ehn ehn... Una go have to pay bu force

Gboss247:
Are you aware that the CBN monetary interest rate is 26.05?

CBN is 26.05


My bank charges me 4 percent monthly from my bank loan....



So if I take 1m from my bank they only charge me 4 percent for that month...


So shey na CBN I borrow from and CBN 26 percent is per annum not per month.

Why will ordinary recharge card be doing 25 percent when ordinary commercial bank do like 4 percent monthly..


MTN Loan from onset started from 20 to 25 percent before even CBN dream of 26 percent..

Have attached my bank percentage screenshot.

dre11:
https://punchng.com/subscribers-fume-as-fccpc-directive-grounds-airtime-borrowing-services/?utm_source=rss.punchng.com&utm_medium=web

Good

Scammers blocked

They should also ban all the online loan app. It seems those guys are using jazz on me

Summary of it all

amechispeaks:
The only option is for users to repay whatever airtime was borrowed so they can continue using the service. It's not easy in this harsh economy, but life will be harder if users don't have data or airtime at all to communicate with their customers, family, etc.

I paid my outstanding 8000 today.

dre11:
https://punchng.com/subscribers-fume-as-fccpc-directive-grounds-airtime-borrowing-services/?utm_source=rss.punchng.com&utm_medium=web

What concerns them? Are the network operators complaining? Haba! Na wa o

wolesmile:
I know of people that are still owing close to 10k for almost a year now. They still use their SIM, but don't recharge on it again. They will not subscribe for data either. What they do is subscribe on other SIMs and reshare to theirs.
One or two had even discarded their SIMs and gotten other ones.

You know someone ke. 😂. Ogbeni na you abeg. We're not kids.